Pension fund investors are in for a shock, with global equity market falls reducing their assets. There are a few ways they can react to minimise falls and maximise returns.
The Hong Kong government has set a major challenge for fund administrators, trustees and fintech firms to develop a much cheaper and easier platform for the territory's pension savers.
Existing dominant providers will have to pitch for the new eMPF system, while new players will have the opportunity to compete
The government needs to raise investor awareness about saving for retirement while rationalising the mandatory provident fund scheme, say industry experts.
The mandatory provident fund scheme needs a wider universe of asset classes to invest in, more fund rationalisation and lower expenses, say industry experts.
The city is not saving anywhere near enough for its workers to retire in comfort. Changes are badly needed, say pension industry specialists.